Commerce Commission says NZ banking more profitable than in other countries

Commerce Commission says NZ banking more profitable than in other countries
(Image: Commerce Commission)
Staff reporters
The Commerce Commission says its initial review of banks found they were more profitable than overseas counterparts and its market study will be focussing on home loans and personal deposit accounts.Commission chair John Small said the preliminary findings “raise questions for us” and the commission wanted to understand whether lack of competition in personal banking was a contributing factor. “This is important in the context of our study as profitability can serve as an indicator of the intensity of competition.”I...

More Finance

New open-banking regulations confirm phased Dec 1 start
Finance

New open-banking regulations confirm phased Dec 1 start

Open-banking regulations confirm Dec 1 start for biggest banks, prohibit fees and levies.

Sharesies unleashes crypto coins on platform
Finance

Sharesies unleashes crypto coins on platform

The average spend during the beta launch has been about $1,000.

Gregor Thompson 15 Oct 2025
Otago a lukewarm jewel of economic temperature: survey
Finance

Otago a lukewarm jewel of economic temperature: survey

An economic thermometer reveals a cool-to-cold mood hanging over NZ, with Otago lukewarm.

Staff reporters 15 Oct 2025
Full year result tracking to forecast: Co-operative Bank
Finance

Full year result tracking to forecast: Co-operative Bank

Tj FY2026 and core banking system replacement tracking in line.

Andy Macdonald 15 Oct 2025